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- Tasks: Lead the Business Quality area to ensure compliance with investment advice and record-keeping standards.
- Company: Join a top-tier discretionary wealth management firm known for its commitment to quality.
- Benefits: Enjoy a dynamic work environment with opportunities for professional growth and development.
- Why this job: Make a real impact by improving investment management processes and ensuring client satisfaction.
- Qualifications: Bring relevant experience in file review and a strong understanding of UK financial regulations.
- Other info: Feedback may take up to 28 days; we’ll keep you in mind for future roles.
The predicted salary is between 43200 - 72000 £ per year.
MERJE is currently working with a highly reputable discretionary wealth management business in their search for a Business Quality/File Review specialist.
The successful individual will lead the Business Quality area to ensure the firm meets its regulatory requirements in relation to standards of investment advice, portfolio management, and record keeping.
You will:
- Oversee, develop and maintain the investment management file monitoring framework and associated procedures.
- Conduct root cause analysis on identified issues and trends.
- Review and analyse data from file monitoring to identify patterns and areas for improvement.
- Produce and present Management Information reports to the Chief Operating Officer and Business Manager
- Oversee the file monitoring process and ensure consistency in application of standards.
- Communicate review outcomes clearly and effectively in line with standard procedures.
- Ensure reviews are followed up and any remedial actions are completed in a timely manner.
- Report any identified breaches in line with company breach policy.
- Review and assess the suitability of investment portfolios, ensuring they align with clients' risk profiles and investment objectives.
- Monitor adherence to investment mandates and restrictions.
- Assess compliance with regulations such as MiFID II, Consumer Duty rules as they apply to investment management.
Experience/Skills/Qualifications:
- Relevant file review/business assurance experience gained in a wealth or investment management environment
- In-depth knowledge of UK financial regulations, particularly Consumer Duty
- Strong project management skills
- Excellent communication skills, both written and verbal
- Excellent report writing and presentation skills
Please note, should feedback not be received within 28 days due to the large volume of applications, unfortunately, your application has been unsuccessful. However, we may be in touch with similar relevant opportunities.
File Review Manager - Wealth employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land File Review Manager - Wealth
✨Tip Number 1
Familiarize yourself with the latest UK financial regulations, especially those related to Consumer Duty and MiFID II. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and regulatory standards.
✨Tip Number 2
Highlight any experience you have with file monitoring frameworks or business assurance processes. Be prepared to discuss specific examples of how you've improved compliance or identified issues in previous roles.
✨Tip Number 3
Practice your communication skills, particularly in presenting complex information clearly and effectively. You may be asked to explain how you would report findings to senior management, so being articulate is key.
✨Tip Number 4
Network with professionals in the wealth management sector. Engaging with industry peers can provide insights into best practices and may even lead to referrals or recommendations for the position.
We think you need these skills to ace File Review Manager - Wealth
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the File Review Manager position. Understand the key responsibilities and required skills, especially in relation to regulatory compliance and investment management.
Highlight Relevant Experience: In your CV and cover letter, emphasize your relevant file review or business assurance experience in a wealth or investment management environment. Be specific about your achievements and how they relate to the responsibilities outlined in the job description.
Demonstrate Regulatory Knowledge: Showcase your in-depth knowledge of UK financial regulations, particularly Consumer Duty and MiFID II. Provide examples of how you have applied this knowledge in previous roles to ensure compliance and improve processes.
Craft a Strong Cover Letter: Write a compelling cover letter that clearly communicates your motivation for applying and how your skills align with the needs of the company. Use clear and concise language, and make sure to address how you can contribute to the firm's regulatory requirements and standards of investment advice.
How to prepare for a job interview at MERJE
✨Understand Regulatory Requirements
Make sure you have a solid grasp of UK financial regulations, especially Consumer Duty and MiFID II. Be prepared to discuss how these regulations impact investment management and how you would ensure compliance in your role.
✨Showcase Your Analytical Skills
Be ready to provide examples of how you've conducted root cause analysis in previous roles. Highlight your ability to identify patterns and areas for improvement from data analysis, as this will be crucial for the position.
✨Prepare Management Information Reports
Since you'll be producing reports for senior management, practice summarizing complex information clearly and concisely. Think about how you can present data effectively to support decision-making.
✨Demonstrate Strong Communication Skills
Effective communication is key in this role. Prepare to discuss how you've communicated review outcomes and ensured follow-up actions in past experiences. Use specific examples to illustrate your points.
